Planet Announces New Hyperspectral Offering Details
Today, we’re excited to announce new details about our hyperspectral constellation, which is being brought to market through a first-of-its-kind public-private partnership with the Coalition of Carbon Mappers. These future hyperspectral satellites will be named Tangara, a family of colorful and visually diverse birds in Central and South America, and are designed to provide hyperspectral data at 30 meter resolution with over 400 spectral bands.
In combination with our existing medium (3 to 5 meter resolution, Dove) and high resolution (
Hyperspectral imaging offers a wide range of spectral information because it divides the spectrum into a multitude of spectral bands, allowing analysts to examine phenomena in many differentiated colors that are generally beyond human visual perception. The goal of our hyperspectral offering is to help clients reveal social, environmental and climate risks in unprecedented detail and demonstrates our commitment to preserving biodiversity and accelerating action on climate change as part of the Carbon Mapper Coalition. KNEW Center for Global Discovery and Conservation Science will also play a key role in the Carbon Mapper mission by performing additional scientific research on hyperspectral applications.
With plans to launch the first two Tangara Satellites in 2023, hyperspectral data holds immense potential to support applications in sectors such as agriculture, defense and intelligence, energy, civil government and mining. The genesis of the Carbon Mapper initiative grew out of a need to use high-quality hyperspectral data to locate point sources of facility-scale methane emissions to support mitigation actions. As part of the coalition, we remain committed to the public interest mission of identifying, quantifying and tracking point-in-time emissions of methane and CO2, while leveraging other applications of technology enabled by hyperspectral data to provide additional value to its customers.
In addition to offering methane and CO2 signatures, our hyperspectral business offering aims to provide customers with data for dozens of other applications and environmental indicators needed to closely monitor the health of the planet. The satellites’ hyperspectral sensor technology, developed by the NASA Jet Propulsion Laboratory (NASA JPL), will provide 30m resolution and a full spectral range of shortwave infrared and high-precision 5nm wide bands; this hyperspectral offering is designed to help organizations understand changes on land and sea, from coastal areas to forests to urban areas and more.
As influential leaders meet this week to discuss a range of topics from the impact of infrastructure and buildings on our environment to how global food industries can reduce greenhouse gas emissions to the importance of preserving and to restore the Earth’s ecosystems and biodiversity – it’s more critical than ever that businesses innovate and governments implement effective policies. These parties need targeted and actionable information as quickly as possible and hyperspectral data can provide this critical intelligence layer. Sign up to receive updates on Planet’s hyperspectral business offering here.
Except for historical information contained in this press release, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including including, but not limited to, the ability to successfully design, build, launch and deploy, operate and commercialize new products and satellites and the Company’s ability to realize all potential benefits from product and satellite launches, either as designed, on schedule, in a cost effective manner, or not at all. Forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by management and information currently available to it. Because these statements are based on expectations about future events and results and are not statements of fact, actual results may differ materially from those projected. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to obtain and maintain required licenses and approvals from regulatory agencies, such as the Federal Communications Commission (FCC), in a timely manner, or not at all; whether the Company will be able to successfully build, launch and deploy or operate its satellites, including new satellites as designed, on a timely basis or at all; the Company’s ability to develop and release product and service enhancements to respond to rapid technological change or to develop new designs and technologies for its satellites in a timely and cost-effective manner; whether the Company will be able to continue to invest in scaling its commercial organization, expanding its software engineering (including its ability to integrate new satellite capabilities) and its marketing capabilities; whether the Company will be able to accurately predict and seize market opportunities; whether current or potential customers adopt the Company’s platform or new products; the Company’s ability to realize the potential benefits of new products and satellites, as well as strategic partnerships and customer collaborations; and the risk factors and other information about the Company and its business included in the Company’s periodic reports, proxy statements and other disclosure materials filed from time to time with the Securities and Exchange Commission (SEC) which are available online at www.sec. gov, and on the Company’s website at www.planet.com. All forward-looking statements reflect the Company’s beliefs and assumptions only as of the date such statements are made. The Company undertakes no obligation to update forward-looking statements to reflect future events or circumstances.